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Old 01-03-2011, 12:53 PM
 
Location: SENIOR MEMBER
655 posts, read 2,045,059 times
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#1) Syracuse-new $160,000^/median $88,000; #2) Indianapolis-new $100K^/median $113K; #3) Detroit-median $85K; #4) Youngstown-new $140K^/median $74K; #5) Buffalo-new $170K^/median $112K.

This is a list of the "5 Most Affordable Home Buying Cities In The U.S.", based on the 100 largest Major Metro City areas in the country. Elsewhere is a list of the Most Expensive Home Buying Cities. The information is a composite report of research and compilations gathered and reported by: Forbes magazine, National Association of Home Builders, Wells Fargo, CNN, Money magazine, National Real Estate Association, and et al.

Click on the following link lines to read about this report information.

http://www.walletpop.com/2010/08/20/...using-markets/

http://www.realestaterama.com/2010/08/19/housing-remains-highly-affordable-for-sixth-consecutive-quarter-ID07662.html (broken link)

http://blogs.har.com/223/10322/5-Mos...sing-Markets-/

The designation "Most Affordable Home Buying Cities", is based on many factors BESIDES the price of homes. Among other factors are: buyers household income in relation to area home prices, mortgage rates in each Metro City area, supply of New and Existing Homes available in each city, and several other factors.

Information for each Metro City Area:

#1) SYRACUSE METRO AREA==
>>New Homes price range $160,000 to $210,000 & up. >>Median price $88,000.

#2) INDIANAPOLIS METRO AREA==
>>New Homes price range $100,000 to $240,000 & up. >>Median price $113,000.

#3) DETROIT METRO AREA==
>>Median price $85,000.

#4) YOUNGSTOWN METRO AREA==
>>New Homes price range $140,000 to $210,000 & up. Median price $74,000.
New Homes near Youngstown: Take Expressways I-76 or I-80 West to the Brimfield, Statesboro, Kent, Ravenna areas. These new home areas are 39 to 47 minutes drive west as measured starting from downtown Youngstown. (These homes are also near Akron, OH.)

#5) BUFFALO METRO AREA==
>>New Homes price range $170,000 to $220,000 & up. >>Median price $112,000.

If you are considering relocating to another City area where homes are very reasonable, you may want to take a look at the afore mentioned Metro City Areas. These Cities might "fit" your requirements if you are looking for a less congested, less "rat-race", good quality-of-life, family orientated, safe, pleasant, affordable Metro area. Some of these cities would be good places for retirees, former military personnel, solid middle-class families or singles, and for many other people.

Here are some questions you might have about these cities.

1) Which areas of the main city and which suburbs are the best areas in which to buy a home?
2) What school districts offer the best education? Are there any school districts to avoid?
3) What area has the highest property taxes?
4) Which areas are safe and low-crime in which to live?
5) In which specific areas should I NOT buy a home because of problems there?
6) Are child care facilities readily available for working parents?
7) What is the unemployment rate/percentage in the Metro area?
8) Which areas/suburbs/city are more upscale places?
9) Which areas/suburbs/city are good solid middle-class areas?
10) Is there bus service or public transportation in each area? Are there any areas NOT served by public transportation?
11) Does the Metro area have a diverse population and is there strife between various groups?
12) Is there considerable "gang" or crime problems around your Metro area?
13) Does your Metro area have a good highway system to allow for quick travel or do you experience bad traffic jams often?
14) Is there convenient nearby shopping and business areas in and around your Metro area?
15) Does your area have good public parks for families & singles to enjoy? Are there nearby lakes for swimming, boating, picnics, walking, biking, walking pet dogs, etc.
16) Are there very many attractions, events, sports games, concerts, stage plays, festivals, street fairs, amusements, flea markets, antique shops, snow skiing/winter sports, etc. to participate in and enjoy?
17) You may think of other questions that are important to you.

To communicate with/ask questions of City-Data Members who can give you answers about these Metro City Areas, click on the following link lines.

SYRACUSE METRO City-Data Members>>
http://www.city-data.com/forum/syracuse-area/

INDIANAPOLIS METRO City-Data Members>>
http://www.city-data.com/forum/indianapolis/

DETROIT METRO City-Data Members>>
http://www.city-data.com/forum/detroit/

YOUNGSTOWN METRO City-Data Members>>
http://www.city-data.com/forum/ohio/ ....OR
http://www.city-data.com/forum/akron-canton/

BUFFALO METRO City-Data Members>>
http://www.city-data.com/forum/buffalo-area/

City-Data Members are happy to answer any questions you may have. Feel free to submit your inquiries.

I hope this information is useful to many people across the U.S. It gives everyone an opportunity to compare various Metro City Areas around the country.
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